According to E. J. Dionne Jr, of the Washington Post, the recent announcement of jobs being cut at the General Motors within the next few years will have a ‘domino effect’ on the economy. In particular Dionne states that not only are jobs being lost at General Motors, but the firing of employees decreases the amount of health insurance that the this employer will spend.
Therefore, with the decrease in jobs and the increase in inflation, there will probably come a time in which the government will have to increase its contribution to the amount it citizens pay for health insurance and basic medical costs.
In this editorial, Dionne Jr. continues by saying that eventually employers will try to find ways to reduce their costs that they spend on medical insurance, by finding anyway possible to do so. Even if it means letting go of employees...
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